Investcorp Europe Acquisition Corp I (NASDAQ:IVCB – Get Free Report) was the target of a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 8,400 shares, a decrease of 5.6% from the May 15th total of 8,900 shares. Based on an average daily volume of 92,900 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.
Investcorp Europe Acquisition Corp I Stock Performance
IVCB opened at $11.35 on Tuesday. The firm has a 50-day moving average price of $11.33 and a 200-day moving average price of $11.19. Investcorp Europe Acquisition Corp I has a twelve month low of $10.63 and a twelve month high of $12.16.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Wolverine Asset Management LLC bought a new position in shares of Investcorp Europe Acquisition Corp I in the third quarter worth $103,000. Cantor Fitzgerald L. P. bought a new position in Investcorp Europe Acquisition Corp I in the 4th quarter worth about $213,000. Crystalline Management Inc. purchased a new position in Investcorp Europe Acquisition Corp I during the 4th quarter valued at about $276,000. Spartan Fund Management Inc. bought a new stake in shares of Investcorp Europe Acquisition Corp I during the fourth quarter valued at about $551,000. Finally, Alpine Global Management LLC purchased a new stake in shares of Investcorp Europe Acquisition Corp I in the first quarter worth about $1,693,000. 66.10% of the stock is currently owned by hedge funds and other institutional investors.
About Investcorp Europe Acquisition Corp I
Investcorp Europe Acquisition Corp I does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or assets in the business services, consumer and lifestyle, niche manufacturing, and technology sectors.
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